Dualism and reform in China
Article Abstract:
China enacted economic reforms in 1978 to correct the dualistic nature of its economy. Dualistic economies are divided into a modern sector, wherein salaries are determined by the capital accumulation in industrial sectors, and a traditional or agrarian sector, wherein wages are dependent on average industrial output. China's economic performance and structures from 1949 to 1978 were analyzed in relation to its wage payment systems. It was concluded that while wages in the modern sector have to be preserved, wage structures in the agrarian sector should be reformed to increase agricultural productivity.
Publication Name: Economic Development & Cultural Change
Subject: Social sciences
ISSN: 0013-0079
Year: 1992
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Permanent income and wealth accumulation: a cross-sectional study of Chinese urban and rural households
Article Abstract:
A study was conducted on permanent income and wealth accumulation in Chinese urban and rural areas. Data from a cross-sectional survey conducted by the Chinese Academy of Social Sciences in 1987 were analyzed. Results showed that permanent income in China is closely related to human capital characteristics and the extent of market-oriented reforms. Household wealth was found to be better explained by estimated permanent income than by observed actual income.
Publication Name: Economic Development & Cultural Change
Subject: Social sciences
ISSN: 0013-0079
Year: 1995
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Growth, efficiency, and convergence in China's state and collective industry
Article Abstract:
Market-oriented economic reforms in China from 1978 to 1988 have resulted in increased industrial productivity in both state and collective enterprises. Factor returns analysis also indicates signs of convergence as competition necessitates more efficient allocation of resources. Industrial output values, and capital and labor inputs are compared using a 'quasi-frontier' approach.
Publication Name: Economic Development & Cultural Change
Subject: Social sciences
ISSN: 0013-0079
Year: 1992
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